Pure Technologies Awarded New Work Worth Up To CAD$14 Million

Pure Technologies (TSX: PUR) reported that over the past month, its wholly-owned subsidiary, Pure Technologies US, has been selected by several US water agencies to lead multi-year programs to provide services related to the inspection and management of critical water pipelines.
As quoted in the press release:

Pure has been selected by The City of Atlanta, GA, to lead a program to provide condition assessment and related services primarily for metallic water distribution and transmission pipelines. The program, with an initial contract value of up to $4 million, is expected to run for a period of two years, with renewal options. Work for this new customer is anticipated to commence in the first quarter of 2017.
In addition, similar work worth up to $10 million in aggregate was awarded by agencies in California, Arizona and Texas, with work commencing on all three projects in the fourth quarter. Under these new programs, Pure U.S. will provide a range of services which include condition assessment, remaining service life analysis and long-term monitoring services for water distribution and transmission pipelines made up of multiple pipe types. The leak detection and condition assessment technologies expected to be utilized in these programs include, among others, Pure’s PipeDiver®, SmartBall® and SoundPrint® AFO technologies.